BMW in talks with labor representatives about efficiency measures

2017 BMW M4 CS

BMW is in talks with labor representatives and its top providers as it looks forward to achieving cost savings of over 12 billion euros ($13.26 bln) by 2022, Chief Financial Officer Nicolas Peter informed analysts on Wednesday. “We are currently discussing more measures with the Works Council. All parties are working very constructively to make […]

BMW to balance out high research and development costs through 2019

BMW M550i at Detroit Auto Show

BMW will simplify its manufacturing procedure, providing less variations of engines and equipment, to balance out high research and development (R&D) costs through 2019, the German automaker’s financing chief Nicolas Peter stated on Wednesday. Automaker is developing electric, autonomous and connected cars along with the vehicles with combustion engines to meet more rigid emissions tests. […]

BMW to increase R&D spend to manage CO2, e-mobility

BMW 4-series car

BMW anticipates its research and development budget, when determined as a portion of sales, to increase in 2018, its CFO informed a German paper. “Decreasing CO2 emissions, electrifying engines and autonomous driving are the major challenges for our market over the next years,” the automaker’s Chief Financial Officer Nicolas Peter informed Boersen-Zeitung in an interview […]